Defining Terms — Copay or Copayment A Copay is a small, fixed sum that must be paid by the insured for each prescription or medical service at the time the service is accessed. Another name for this fee is Copayment. Copayments must be paid before the health […]
Read more →Defining Terms — Pre-existing Condition A pre-existing condition is any current health issue: 1) for which a person has received treatment in the past or 2) for which a prudent person would have sought treatment. Pre-existing conditions may be anything as minor as a mild allergic reaction […]
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